Insurance CEO Lets America Know Trump is Sabotaging Plans on Purpose
When Donald Trump says that one option to getting rid of Obamacare is to just let it fail, he knows that while it’s not perfect, it won’t completely fail on its own. So he’s sabotaging it. There’s no question this is happening, because now even the insurance companies themselves are blaming the sabotage for their increasing cost in premiums.
Specifically, the Trump administration is threatening to withhold federal subsidies to the insurers that make up the Obamacare marketplaces, which would obviously crush those markets and force the insurance companies to pull out, leaving Americas uninsured.
Insurance companies are now openly citing the uncertainty over whether they will be getting paid for double-digit rate increases.
DailyKos explains:
Now Anthem CEO Joseph Swedish is making the point even more bluntly: If the Trump administration continues to threaten to withhold those payments, his company will be leaving some of those markets entirely.
Now Anthem CEO Joseph Swedish is making the point even more bluntly: If the Trump administration continues to threaten to withhold those payments, his company will be leaving some of those markets entirely.
Insurance giant Anthem, which has already withdrawn from the Obamacare marketplaces in three states, will pull out of more if the federal government doesn’t take action soon to stabilize the market, CEO Joseph Swedish told investors Wednesday. […]
“If we aren’t able to gain certainty on some of these items quickly, we do expect that we will need to revise our rate filings to further narrow our level of participation,” Swedish said on a call to discuss the company’s second quarter earnings.
This clown show of a congress and a presidential administration just gets more infuriating by the day. They’re all going down, and they know it, so they’re all going to start blaming each other. It’s a Republican Civil War, and if the Republican Party is destroyed in the war, the only winner is, well, America.
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